BSOFT: Near BreakoutNSE:BSOFT
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
BSOFT
Birlasoft - ShortBirlasoft - Short
Profit booking zone
Falling and moving towards the sideways market zone.
Invest & Trade Wisely! Good Luck!
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I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
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Bsoft rising with good volume, be cauciousafter breakout of crucial resistance it is rising sharp be caucious at upper levels
Inverted H&S patternLevel and target well mentioned in the chart itself
Buy on sustained breakout above 280 for Target (320-325)
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
THANKS
Bsoft is at Crucial resistance1) Trend is strong bullish
2) earlier we have sawn a cup and handle pattern worked well
3) resistance is crucial as tested 5 times
After a confirmed breakout we can witness a sharp up move again
Birla Soft, Strong on charts. Birla Soft is very good and strong fundamentally.
On charts its looking ready for good moves.
But market sentiments are important.
Will initiate trade once resistance are broken with good volumes.
Keep watching.
R1=272
R2=284.
##Always do self analysis before you trade. Profit is yours and so is your loss. ##
Birla SoftDaily Chart Pattern
Breakout Candidate
Positive Volume Buildup
Can give good 10% - 20 % gain
PROS
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 20.53%
Debtor days have improved from 104.84 to 82.09 days.
CONS
The company has delivered a poor sales growth of 1.94% over past five years
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
# 5 Positional trade Logic
1) Rounding bottomformation
2) Key resistance breakout
3) Flag formation ( in small time frame)
4) Consolidation breakout
Entry should be at brakout
Sl should be at lower range of consolidation
BSOFT200 Level is good resistance for the stock from it has been rejected 3 time before. Now it seems stock may broke out 200 level very soon. A small position can be added near 194 level and further it can be added above 200. SL can be kept at 182 level.
A shakeout of weak holders is expected.
Major Resistance Breakout - Birla SoftwareMajor Resistance Breakout seen in BSOFT with high volume.
Buy only if the high of the breakout candle is broken.
Target a 1:1 ratio first. Then, if you want, you can keep 25% of your position for 1:1.5 target.
Buy levels: 181-183
Stop Loss: 149.3
First Target: 212
Second Target: 227
BSOFT Short Setup [Intraday]NSE:BSOFT Short at 74.30 with SL at 75.05 and TP at 72.75.
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
